Kraken is issuing a shock airdrop of PUMP tokens to customers left empty-handed throughout Pump.enjoyable’s high-demand token sale.
The alternate confirmed that technical bottlenecks prevented some contributors from finishing orders, regardless of arriving on time.
The sale itself bought out in lower than a minute, with demand overwhelming Kraken’s infrastructure. After reviewing inside exercise logs, Kraken recognized affected customers and pledged to compensate them immediately—no utility or motion required.
The tokens can be sourced from the secondary market, the place PUMP is at the moment buying and selling round $0.0067, notably increased than its $0.004 presale worth.
Kraken isn’t alone in dealing with backlash. Bybit additionally skilled points, citing an API delay that brought on oversubscription and failed orders simply seconds into the sale. The alternate later revised its assertion, initially blaming the glitch on Pump.enjoyable earlier than strolling it again.
Pump.enjoyable raised roughly $450 million by way of its Solana-based ICO, with companion exchanges together with Kraken, Bybit, KuCoin, MEXC, Gate, and BitGet. As consumers scramble to safe allocations post-launch, alternate glitches have added gas to the fireplace in an already frenzied memecoin market.
Alexander Stefanov
Reporter at Coindoo
Alex is an skilled monetary journalist and cryptocurrency fanatic. With over 8 years of expertise protecting the crypto, blockchain, and fintech industries, he’s well-versed within the complicated and ever-evolving world of digital belongings. His insightful and thought-provoking articles present readers with a transparent image of the newest developments and tendencies out there. His method permits him to interrupt down complicated concepts into accessible and in-depth content material. Comply with his publications to remain updated with crucial tendencies and subjects.
